Cisco anticipates multi-million dollar tax bite based on Ninth Circuit decision in Xilinx case(0)
Cisco Systems said it would be booking a one-time tax charge of about $130 million to $150 million in its current fiscal 2009 fourth quarter after a ruling Wednesday by the U.S. Court of Appeals for the Ninth Circuit in a case between Xilinx and the Internal Revenue Service related to stock-based compensation expense.
Although not named in the case decided, th Read the rest of this entry »
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